Glossier secures $52m in new funding from investors The New York City-based beauty startup has now raised a total of $86m in venture funding. Glossier has expanded rapidly since its foundation in 2010, developing its line of affordable make-up products which it sells almost exclusively through its website. Read more.
British Airways parent company IAG reports operating profit increase of 19% to €3.02bn for 2017 The airline company said that it expects operating profit to continue to grow in 2018. Revenue rose by 1.8% to €22.97bn. Following the results IAG have announced a €500m share buyback scheme. Read more.
Fosun completes deal to acquire a majority stake in Lanvin This is the Chinese conglomerate's most significant fashion deal to date. Fosun is moving to capitalise on the growing Chinese demand for luxury labels and products. The terms of the transaction have not been disclosed. Read more.